Friday 22nd April 2016

Dasan Networks, a supply partner to Passcomm of G-PON technology, has announced a merger and acquisition deal with US based company, Zhone Technologies. The deal will see Dasan, based in South Korea hold a 58% share of the merged company, to be named DasanZhone Technologies Inc.

The decision was part of a global expansion plan for both companies, who by combining forces can reach customers on every continent.

“The merger of Zhone and DASAN Network Solutions will immediately position our company as a leading provider of broadband access, mobile backhaul, Ethernet switching, and passive optical LAN solutions,” stated Jim Norrod, CEO of Zhone Technologies. “We will expand our customer base around the world and take advantage of greater economies of scale in manufacturing, support, and engineering.”